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State Name: New Jersey
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State Abbreviation: NJ
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Last year, along with authorities from 49 states and the District of Columbia, we ordered Ocwen Financial Corporation and Ocwen Loan Servicing to provide $125 million to foreclosure victims. The National Ocwen Settlement Administrator is responsible for handling settlement claims and has created a website with information for consumers who were harmed by Ocwen&#8217;s actions. [&#8230;]

Fed May Raise Rates in First Quarter, BlackRock Estimates Bloomberg Stronger-than-forecast jobs growth underlines economic acceleration that may push the Federal Reserve to raise interest rates by the first quarter of 2015, BlackRock Inc.&#39;s Rick Rieder said. "The Fed will move faster than people think because the data is&nbsp;...

For the third month in a row, the U.S. unemployment rate has been lower than economists were expecting. That's mostly good news, but the reason they have been wrong could be worrying for the long-term unemployed.

Trade Gap in U.S. Shrinks More Than Forecast on Record Exports Bloomberg The trade deficit in the U.S. narrowed more than forecast in May on record exports, signaling a pickup in global growth that will boost American manufacturers. The gap shrank by 5.6 percent, the biggest drop since November, to $44.4 billion from the prior&nbsp;...

Hedge Fund Finds Asset-Backed Bargains in Subprime Debris Bloomberg Swooping into sectors left cratered by the global financial crisis, hedge funds have found that the surest bets in recent years are in mortgages and other asset-backed securities. Greg Richter, who co-manages the $950 million Candlewood Structured Credit&nbsp;...

This is a breaking news story. Check back here for updates.. Economists expected nonfarm payrolls to grow by 215,000 in June and the unemployment rate to hold at 6.3 percent, according to estimates from Dow Jones.

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